Bitcoin's Sharpest Rally in Five Months Flips Markets From Bearish to Coin Flip
Bitcoin's steepest daily gain since March caught traders off guard, and Myriad's pump-or-dump market swung from 70-30 odds to nearly even in a single day.
Bitcoin's rise highlights its growing influence in global finance, reflecting shifting investor sentiment and the volatility of digital assets.
The largest crypto asset rose more than 7% on Wednesday after several catalysts sent crypto-related assets higher.
August 19, 2026, 10:26 pmBitcoin ran from around $64,100 to nearly $70,000 within hours on Aug. 19, once the US Treasury unexpectedly doubled its planned buybacks of long-dated government debt. The move pushed bond yields lower and forced roughly $1.4 billion of crypto short positions out of the market in just four hours.
August 19, 2026, 10:20 pmBitcoin's steepest daily gain since March caught traders off guard, and Myriad's pump-or-dump market swung from 70-30 odds to nearly even in a single day.
Bitcoin reclaims $70,000 first time since June 2 after Trump floats a sizable BTC buy.
The integration expands access to USDU, the UAE’s first central bank-registered US dollar stablecoin, as it builds distribution beyond institutional channels.
Traders betting against Bitcoin and the crypto markets are getting liquidated as BTC’s price pushes higher. In the last 24 hours, a total of $1.93 billion in leveraged crypto bets have been liquidated, according to the market data tracker CoinGlass. The vast majority of the liquidations hit traders going short, coming in at $1.75 billion.
The exchange has not set suspension times as block 963,648 opens an Alpha stage for practice ECX.
The move triggered nearly $2 billion in crypto liquidations and lifted crypto-linked stocks, with Strategy and Bitmine gaining around 10%.
The exploit highlights vulnerabilities in cross-chain DeFi systems, potentially undermining trust and stability in decentralized finance networks.
Bitcoin’s sudden price surge on Wednesday caused over $1.9 billion in total market liquidations within 24 hours, heavily liquidating $1.74 billion in short positions. Bitcoin Rally and Consolidation After falling just short of hitting $70,000 on reports that the U.S.
DEFI holders await a late-August cash payout exposed to closing costs and Bitcoin prices after NYSE Arca trading ended Aug.